MediaKind, a specialist in cloud-based video streaming technology, has entered into an agreement to acquire the video business of Harmonic for approximately $145 million (€124.5m).

Following a French employee works council consultation process, the companies will immediately execute a purchase agreement, and the transaction is expected to close in the first half of 2026, subject to customary regulatory approvals and closing conditions.

The transaction creates an independent SaaS streaming infrastructure provider by combining two video technology organisations with complementary strengths in SaaS streaming, appliance platforms, and cloud AV workloads. The combined company will serve a blue-chip customer base, generate more than $100 million in annual recurring revenue (ARR), over $150 million in annual appliance revenue, and, as a business focused on video, create an enhanced foundation for long-term growth.

“This combination would represent a meaningful step forward in our long-term strategy and reflect our commitment to supporting customers with enhanced product solutions,” commented Allen Broome, CEO of MediaKind. “By joining Harmonic’s video business with MediaKind, we would strengthen our ability to invest across our entire portfolio, led by an expanded and complementary research and development platform that will significantly accelerate innovation. Together, we would create the leading independent streaming infrastructure company, giving customers a stronger, more reliable partner to power the future of video.”

Nimrod Ben-Natan, president and chief executive officer of Harmonic, added: “This strategic transaction will, if completed, advance the growth strategies of both companies. It would allow Harmonic to zero in on its core Broadband segment, while ensuring the Video Business, its customers and dedicated employees become part of an organization committed to the future of video delivery. We are incredibly proud of our video team’s accomplishments and look forward to the next chapter of this business’s growth under MediaKind.”

Other posts by :

1. UK trims Orbex investment
2. Euro-bank sets up €500m space fund
3. Revenue jump forecast for Eutelsat
4. Moody’s upgrades Eutelsat’s debt rating
5. Rivada Space Networks wins spectrum dispute
6. Will we take an AI bubble bath?
7. Eutelsat shareholders upset over Rights Issue
8. Amazon Leo satellites en route to French Guiana
9. Deutsche Bank reveals targets for AST SpaceMobile

Categories: Articles, Business, M&A

Tags: Harmonic, Mediakind, Video